Moves associated with lifestyle changes are often voluntary. What’s the best approach when you want to buy a new home but don’t need to? For many people, the sales price of their current home is a factor in how much they can spend on their next home. And, often people need the proceeds from their current home to buy their new home. As such, you may want or need to put your home on the market before purchasing your next home. This is actually quite common. Many sellers put their home on the market with the contingency that the sale of their home is subject to them finding a new home. While your home is for sale, you can begin searching for your next home. If you get an offer before you’ve found your next home, your real estate agent and attorney can outline your options. These may include a short-term rental, an extended close date or a date by which if you haven’t found the home of your dreams, you are not required to go through with the sale. Know that when a move is made by choice, you have many wonderful options.
Summary Source: GHVMLS YTD Comparison Report
Year End 2012 YTD vs. Year End 2011 YTD – Single Family Homes
New inventory (the number of homes going on the market) increased 2.2% (228 YTD 2012 vs. 223YTD 2011. The number of sales increased 28% (105 YTD 2012 vs. 82 YTD 2011). The average sales price of homes that have sold decreased approximately 5.5% to $635,920. Overall, the average sales price for single family homes that have sold in Rockland County (inclusive of the river villages) was $416,941 down 4.3% over the same period last year.
Year End 2012 YTD vs. Year End 2011 YTD – Condos
New inventory (the number of condos going on the market) decreased 16.1% (78 YTD 2012 vs. 93 YTD 2011). The number of sales decreased 8.3% (33 YTD 2012 vs. 36 YTD 2011). The average sales price of condos that have sold decreased approximately 0.7% to $422,222. Overall, the average sales price for condos that have sold in Rockland County (inclusive of the river villages) was $228,341, down 5.2% over the same period last year.